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Yet despite this, more than half of the UK's top earners are based in our city - with almost 90 per cent of them being men.

That's according to a survey by the Institute of Fiscal Studies (IFS), which found more than half the UK's top earners are concentrated in London and the South East.

It shows worrying disparities not only in location, but between wages, with the wealthiest Londoners earning £300,000 against the £162,000 needed to join the 1 per cent of highest income tax payers across the rest of the country.

A bottle of bubbly is often on the cards for London's wealthiest residents (Image: Wikimedia Commons)

The scale of the salaries, bonuses and perks of the best-paid is "staggering", the IFS said, adding that its research showed "the extraordinary scale of the gulf between the merely well off and the very richest".